Not even crypto’s kingpins know if you should buy bitcoin

Not even crypto’s kingpins know if you should buy bitcoin

A recent estimate figures that 95% of bitcoin’s wealth is held by 4% of the market — AKA the kings of the Crypto Castle (home to some of the most prominent crypto investors), AKA the people everyone laughed at 4 years ago, AKA the world’s newest breed of billionaires.

But it’s not easy at the top

Grant Hummer, who runs a $100m crypto hedge fund, told The New York Timesthat his “neurons are fried from all the volatility,” and he views the rise of crypto as a sign that people have lost faith in civilization.

After a death hoax sent Ethereum’s price into a tailspin, Vitalik had to prove he was still alive, from a secure location.

And when people ask Pieter Wuille, a key developer of bitcoin, if they should buy in, he tells them the truth: He has “no idea.” That may be the safest answer.